Before we go further, let us review the basic but essential requirements of the Research and Development Tax Incentive (RDTI): What is RDTI? The Research and Development Tax Incentive (RDTI) is an initiative of the Australian Government to ensure that companies undertaking research and development activities receive a financial incentive to make continued investments in…
On 17 August 2024, a noteworthy event occurred, marking a significant milestone for the Australian Space Industry. The Waratah Seed-1 satellite, manufactured by the University of Sydney’s CUAVA space training grounds, blasted off from Vandenberg Air Force Base in California on SpaceX at 04:56 AM Australian Time.This historic launch in Sydney fulfilled collaborative efforts between…
With the arrival of the Australian-built XL-AUV known as the ‘Ghost Shark’ to the United States, the era of advanced autonomous underwater systems has begun. Owing to its potential in maritime defense, Anduril’s Extra Large Autonomous Undersea Vehicle (XL-AUV), Ghost Shark, has been transported to the United States for the first time. This state-of-the-art AUV,…
TL;DR: Western Australia has opened its first medical production plant focused on fighting antibiotic-resistant superbugs, with $645,000 in government funding. This facility aims to make bacteriophages (phages), which are viruses that target and kill harmful bacteria without hurting human cells. These phages offer a new way to treat infections that antibiotics can’t cure anymore. The…
The AUKUS, consisting of Australia, the United Kingdom, and the United States of America, has embarked on a new path that defines the next generation of collaboration where the export license has been removed in defense-related goods and technologies. Starting on September 1, 2024, this measure brings fundamental sweeping changes to defense trade and cooperation…
Explore the Future Made in Australia Act 2024—key to economic reform, supporting new industries, and fostering a resilient economy. The Implications and Possibilities for the Future Australia is at a crossroads as the global economy transitions towards net zero. The government’s new legislation, summarised in the Future Made in Australia Act, is assertive and intentional…
Austrade advised that the final payment for the 2015/16 grant year is 64.50483 cents in the dollar for costs above the initial payment ceiling of $40,000, making the maximum EMDG grant payable only $110,955. Pattens has over 40 years of experience in EMDG Claims.
The government has allocated an additional $50m towards the successful Export Market Development Grant (EMDG) boost to help SMEs expand their export markets. Other changes to the EMDG scheme announced will reduce the expense threshold from $10,000 to $5,000, reducing the minimum expenditure for an eligible claim from $20,000 to $15,000. The number of grants…
If podcasts aren’t your style, you can go old school and read a personal finance book. In the true spirit of your “spend less” financial resolution, borrow the book for free at your public library. What is your most important financial goal for 2022? Pay Off Bad Debts The only financial goal more important than…
The Australian: 27 March, 2017 suggest “most major companies use R&D Tax Credits to rort taxpayers.” With over 35 years’ experience claiming R&D, Pattens have never been involved in any dishonest or questionable activity. Our claims are impeccable and can withstand any scrutiny.
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